Regular cap and trade
Emissions and allowances limit set
Allowances distributed or auctioned
All or some of the revenues used for government programs, if allowances auctioned
Cap and Dividend
Caps and allowances same as regular cap and trade
All of the Auction revenues distributed to households in the form of regular dividends
Cap ‘n Dividend by Cap&DividendTV gives simplistic overview of how Cap and Dividend system would work.